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Search Results 0 to 37 of about 38 (some duplicates have been removed)
CNBC
Jan 21, 2013 9:00am EST
that might have prosecutorial merit. in december 2011, steve kroft reported on two such cases. we begin with a woman named eileen foster, a former senior executive at countrywide financial, one of the epicenters of the crisis. >> do you believe that there are people at countrywide who belong behind bars? >> yes. >> do you want to give me their names? >> no. >> would you give their names to a grand jury if you were asked? >> yes. >> but eileen foster has never been asked, and never spoken to the justice department, even though she was countrywide's executive vice president in charge of fraud investigations. at the height of the housing bubble, countrywide financial was the largest mortgage lender in the country, and the loans it made were among the worst, a third ending up in foreclosure or default, many because of mortgage fraud. it was foster's job to monitor and investigate allegations of fraud against countrywide employees and make sure they were reported to the board of directors and the treasury department. >> how much fraud was there at countrywide? >> from what i saw, the types o
CNBC
Jan 24, 2013 12:00pm EST
'll ask ubs' steve milunovich. will tonight's profit report get investors excited about the stock again? two traders, two opinions, one heated debate is coming up. >>> welcome back. the guys at five were told that the price target on apple could be hit soon following the company's disappointing earns. >> well, i think it is coming this year for sure. that's an awfully long time window. i think the way it is looking now, it should happen this quarter. >> talk like that raises the question, where is the bottom in apple? let's ask one of the top rated analysts on the street. steve milunovich joins us live from new york city. steve, always a pleasure. welcome back. >> thank you for having me. >> are you surprised the stock sold off as sharply as it has. >> i am surprised. 10% drop seems a little extreme. the company has issues, but it is performing well. in retrospect i think the problem was that so many people are bullish on the company, sell side, uniformly bullish, few short positions in the stock, just, like, nobody else to turn positive. so we're tending to go back the other way right
CNBC
Jan 25, 2013 4:00pm EST
've lost steve jobs. you know, i think once you get to a certain point there are no buyers at the margin when you're as big a percentage in the market as apple. >> would you rather own xon at this point? >> i think with the changes in india and china in terms of oil consumption i'll put my bet with exxon on this one. >> okay. >> all right. very good. >> i don't own it. it is too big a company for us in intrepid capital but that is where i would bet. >> not exactly the small world. >> thank you, gentlemen. have a good weekend. appreciate your insight. thanks for joining us. >> thanks for having me. >> glad you found your way back. >> so the dow is ontrack for the best january since 1994. it has lost ground in only four sessions this month so far. >> indeed. we've got the weeks winners and losers. >> positive economic data and earnings fuel the nasdaq and the dow -- excuse me the dow and s&p 500 to new highs. let's talk about the individual movers. first proctor and gamble the big winner the profit beat street consensus thanks to higher cost and new products it added to its portfolio. in h
CNBC
Jan 28, 2013 7:00pm EST
friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the senators laid out why they think is so important and what the time line is for this bill to pass. maybe as ea
CNBC
Jan 28, 2013 5:00pm EST
fade back to $725, put it on again. but perfect. >> steve -- >> good job, grasso. round of applause for steve. >> you surrounded, though. >> surrounded the trade. >> carter, do you like steve's tie? >> what do you think of the other side of steve's tie? >> carter, always good to see you. so, we ask now, has apple, though, lost its mojo, even if it does look technically good? according to an article in "the wall street journal," apple may be losing the coolness factor but barron's says apple's glory days are not over. smartphone woes in general, not necessarily apple versus samsung -- >> i don't think apple's alone here. samsung was down right defensive in their guidance if they gave any at all in terms of, they are pointing to seasonal weakness coming up. i think samsung is much better positioned. i think they have the barbell. they are high end, low end, and they dominant the low end. apple is six in china, samsung is number one. if you look at what's going on here, the trade is really to be short samsung. if you look at the pressure going on, this is what we started to put on last
CNBC
Jan 24, 2013 4:00pm EST
to 7.5 million subscribers there. >> the feeling was that steve jobs was apple. are you in denial at this point that losing such a -- i mean, how do you even quantify what he meant to that company in terms of innovation and operation that he's still gone. >> a design guru and going to kweet quality. >> what was steve jobs really good at? not only innovation but attention to detail, and what is the best maps product on the iphone? it's not made by apple. >> google maps. >> that was not good and we forget and did this on "street signs" yesterday. there were a number of apple flops that they swept under the carpet sdmt executive in charge is no longer with the firm. >> very true, but what would have happened had steve jobs been there. that's an open question. >> the ipad mini have sole. >> on i don't know and number one there's android, android is very, very popular shlgt particularly in southeast aya, almost the incumbent on that particular turf. do you think iphone an apple will step on that turf? >> a hard question. tim cook met with china mobile's chairman in early january, hopef
CNBC
Jan 23, 2013 3:00pm EST
it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so you don't want to fight that liquidity. >> earnings don't matter then? >> earnings do matter. i think probably revenue will matter a lot more than earnings by the end of 2013. earnings matter and fundamentals matter but the backdrop is we know what we think may not be relevant or what bernanke thinks is relative, he'll keep this a liquid environment for the foreseeable future. >> jim bianco, earnings matter. steve's liked to the earnings so far calling them robust. you're not so impressed though, are you? >> no. we've got 3% earnin
CNBC
Jan 25, 2013 6:00am EST
what that is all about and we're going to bring steve liesman in in just a mip. before we do that, i want to take a listen to what mario draghi had to say. >> the level of economic activity is in the process of stabilizing at very low levels. and we foresee a recovery for -- in the second part of the year. we can have a positive development if national governments will persevere in their actions. both in fiscal consolidation, but especially now on the front of structural reforms. >> steve liesman is here with a little bit more on this, but you're not wearing long underwear. >> no. but i have any gloves on. >> you're a little cold. >> we've been standing out here for a while. what did you think of draghi? a lot of people here talking about it and i wonder whether it's going to ultimately move the market. >> there's a couple of things. he said the victory lap. he said we relaunched the euro in 2012. a lot of talk with chris at this teen legarde in europe today. 2015, talking about this growth in the back half. i think draghi's intentions today were not to mess things up. the general fe
CNBC
Jan 22, 2013 3:00pm EST
. >> in today's "closing bell" exchange. carol roth author of "the entrepreneur equation" and steve saks and michael from janney montgomery smith. good to have you here. let me start with you, scott. what do you think about this move? are we going to get more of this? is this just the beginning, or are we in for pullbacks considering what could be coming to washington the next couple of months? >> i think pullbacks are norm a. let's face it, the last couple of months have been a big party. ben bernanke invited us and i don't think the punch bowl goes away. >> the fed is the key issue right now. does that trump the fundamentals, all the earnings we're getting, you pay more attention to the fed? >> you think we have low growth and quite frankly investors are starved for air. they have been holding their breath for four years. there is no oxygen in any other market. there's no place to go for yield. therefore, essentially i think ben is terroristing it to the point to where they got to jump into risk assets and that's what we're seeing. >> david, does that make you bullish as well? >> david
CNBC
Jan 23, 2013 12:00pm EST
things like fingerprint sensors and i think there's still a lot left in the tank. >> steve weiss? >> you know, the stock has come down, as you point out, but apple is not without blame here in terms of the decline in the stock. there aren't that many companies that miss three out of five quarters that hold an all-time high price. but one issue i'd like you to address, as john pointed out, what apple gets in terms of subsidies is far above, almost 50% what a better selling phone gets from the phone companies. and verizon was very vocal and has been as is at&t about cutting back on that subsidy. with other companies picking up more share, doesn't apple have less of a stand to say we want to keep that subsidy? >> well, the carriers have also been vocal apple has better usage trends. so when you get an iphone in your hands, although the carriers had to pay a larger upfront subsidy, they also get a higher stream of monthly service contract fees on a go-forward basis, and i think as long as apple can bring out innovative products and drive customer taste, the carriers will have to go along wit
CNBC
Jan 23, 2013 5:00pm EST
term. >> jeff, how much of this has to do with -- i saw one of your tag lines for steve jobs. when he died, it was known in the pipeline we had 18 months still left of apple ideas. how much do you think people are just saying it's over? >> i think it sort of is over. we talked about this in november when i said, you know, what's good to be next? you come out with iphones and hot flashy colors? i think they're actually doing that. i think they're coming out with the tooty fruity one. i said that facetiously. if that's your idea of innovation, tuti fruity colors instead of black and white, i think it's over. >> if we close below 480, we could see 425 quickly and you said you think it's ultimately going lower. what are your guesses on that? >> oh, i don't know. probably somewhere in the 300 zone, ultimately, would be a sensible place. it would be cheap there, probably. we have to see how the world economy looks and everything else about the company. but that's the level where it's really cheap. >> and the huge cash stockpile? $137 billion, a lot of that value investors will say that is a
CNBC
Jan 25, 2013 3:00pm EST
steve cortez the founder of vericruz. what do you think on the charts? >> apple has been laid to the wayside. in an otherwise strong market. if we pull up the two-year chart you can see that we're getting close to support levels that i think you can start to put on a trade again. so on the two-year chart you can see in 2011 the 425 area resistance and when it broke in 2012 the stock went on an unhealthy move that turned out to be unsustainable. now we're back to near that the 425 level that was resistance and i think will act as support going forward. apple is going to take some time to bottom but a great risk reward entry here. conversely if we look at exxon you look at the seven-year chart and you can see that actually exxon is near long-term resistance. the $95 area has been resistant over the last seven years several times and i think here is not a good entry point to get long exxon. >> steve? >> ennis, i agree on apple. i have been on this network i think one of the most consistent critics of apple. i frequently have been shorted in recent months but i am flipping to the
CNBC
Jan 23, 2013 12:00am EST
.s. taxpayers and to chrysler workers who accepted wage and benefit cuts. but as steve kroft reported in march 2012, none of it would have happened without the efforts of an italian-born and canadian-raised auto executive named sergio marchionne. >> with his gray stubble, longish hair, relaxed demeanor, and trademark black sweaters, sergio marchionne looks more like a film director than an auto executive, but he is now the industry's biggest star. >> sergio marchionne. >> the ceo of fiat had already rescued that company from financial ruin, and in chrysler, marchionne saw at least one similarity: both companies had been through hell. >> i remember when i came here in 2009. there's nothing worse for a leader than to see fear in people's faces. it's been a long rocky road, but the fear is gone. >> what were they afraid of? >> of not being here. all right, it's that simple. this was really a question of existence. there's nothing worse in life than to sit there and be the victim of a process that's outside your control. >> and that was exactly the situation at chrysler in early 2009 when marchion
CNBC
Jan 24, 2013 2:00pm EST
of the things that happened is that since steve jobs passed away, there is a market that no one has seen before, come out of blue and rescue the company, that's pretty much the product they have in the pipeline. they have been coy about tv. but that's probably the next product. those are things in store for the company. but even as you say that, the cash flow is spectacular. who else is doing business like that? >> you are right. this is very much a show me stock, right? show me the continuous flow of innovative cutting edge products. i want to ask you, you said this is a stock that's not split for years. is there any case for it to split? >> it is the old case that splitting always had. you make the round lot accessible to the ordinary investor. right new you want it buy a hundred shares of them, it is 50 grand. that's a lot of money. a small investor, you want to put a couple thousand in, that's not much of an opportunity. >> do you think there is any possibility they might do that? >> no, i don't think so. there is no reason for them to. part of the prestige of tech stocks like google, which
CNBC
Jan 28, 2013 9:00am EST
that hasn't stopped looking for those blockbuster products. they've got deep, deep talent. steve jobs was a genius and he's gone, but there's a lot of other talent that's there. so is this the case this will become a value stock or value company? i don't think they're ready to go to that level. i think they still have higher aspirations. >> what about the image of the company, sidney? you know, we've seen blackberry, for example, it would appear rise from the ashes over the last few weeks. certainly with the stock price movement in advance of blackberry 10. conversely, you have everybody and his dog piling in to kick ap putt at the moment. an article saying is samsung the new call. the advertising campaign was five or six years old saying, android is outselling apple, which we've known for an awfully long time. as ceo, as head of the pr, marketing director, how do you stop that sort of comment dead in its tracks? is it about offering bigger dividends or something more profound? >> well, you know, one of the things i like tim cook has been saying is, we're not about maximizing market s
CNBC
Jan 22, 2013 12:00pm EST
from very own steve grasso. welcome back. good to see you. >> good to see you. >> so the transports are rallying, the dow has been in large part going higher. is this going to last? >> well, the transports have been up since mid november about 17%. but you just touched on one, ksu. if you look at the top four holdings in the transports, they account for basically 40% of the whole index. all of them whether it's upm, fedex or u.p.s., they're all registering overbought right now. >> so you're telling me look for a pull back then in maybe not only the stocks but the transports in general? >> yeah, i think you need to pull back specific stocks obviously if they're 40%. if you get that pull back i think people will start to lose a little bit of luster once we get to 1500, 1505 on the s&p. >> now, grasso, correct me if i'm wrong, but the thing most people watching are concerned about right now, if oil starts to spike here and the xle has been really strong that's not necessarily a great thing for something like fedex and a lot of the other components that benefit from lower oil prices in
CNBC
Jan 24, 2013 3:00pm EST
of steve jobs? >> we'll keep an eye on that for you. keep an eye on the major averages. here's how we stand. the dow was up about 100 points at that peak there. then we started to move lower, and you started to get sweaty palms among bulls. what does this mean? if we close lower, that might not be good. started coming back and now a gain of 44 points. another one of those days where any positive close is another five-year high for the trials going back to the fall of 2010. we're at 13,823. the nasdaq though is going the other direction. blame apple which is 13% of the nasdaq these days. it's down 24 points, the nasdaq is at 3129, and the s&p is up. nope, now it is lower. we're down a fraction right now at 1494 so that streak could come to an end if we don't get more buying coming in here. >> even if we are off the highs of the day, the dow is set for another gain as it continues its march towards a new old-time high but who would have thought works would have thunk we could be talking about a new all-time high even as apple stock continues to descend? take a look at how the dow has climbed
CNBC
Jan 25, 2013 12:00pm EST
started in a garage with steve wozniak. >> this is freedom. this is freedom to create and to do, build as artists and individuals. >> look, you're overreacting. even if you were developing this for freaks like this -- and i doubt you were -- nobody wants to buy a computer. nobody. >> how does somebody know what they have want if they have never even seen it. >> the ok wall woz saw the preview and isn't happy. he writes our relationship was so different from what was portrayed i'm embarrassed. if the movie is fun and ensber taning, all the better. anyone who reads my book iwoz can get a clearer picture. that does it for us. have a great weekend. see you monday. let's get to "halftime" at post nine. >> welcome to the halftime report. four hours to go before close on friday. here is where we stand on a busy day on wall street. we are higher across the board. the s&p 500 starting just below 1500 as we continue to watch that number very closely. take a look at apple as well. we are watching that, too. for a moment, apple dropped below exxon mobile as the most valuable company on planet eart
CNBC
Jan 23, 2013 6:00pm EST
. >> good luck to my as i say sabrina having a baby any minute. plx long. >> steve. >> money coming out of apple has to go someplace else. amazon, like it. >> samsung and the whole supply chain. >> one more check on shares on apple, down by just about 10%. the last time this stock was down 10% during the may flash crash on earnings. it was p12008. having an impact on the qs. i'm melissa lee. see you tomorrow at 9:00 for "squawk on the street." "mad money" with jim cramer starts right now. >>> i'm jim cramer. and welcome to my world. >> you need to get in the game. going out of business and he's nuts! they're nuts! they know nothing! i always like to say there's a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, trying to save you a little money. my job is not just to entertain but to educate and put things in perspective. call me at 1-800-743-cnbc. not everything in the market can be explained by cold hard facts. not everything is rational or even cut and dried or it can eve
CNBC
Jan 25, 2013 9:00am EST
. >>> the dow this morning at a five-year high. the s&p 500 flirting with 1,500. steve is managing director at webb bush securities. steve, great to have you with us. >> good morning. >> i've been hearing in the marketplaces that the volatility index is so low, that people can remain confident in staying long, because they can buy cheap protection. i'm wondering what your take is on these market highs here. >> well, certainly that's a contributing factor. the cost of protection is very, very low. but i think the biggest factor is we essentially have zero interest rates, and essentially have very expansionary monetary policies virtually worldwide in developed markets. this is providing a tremendous floor underneath risk to assets and will continue to do so as long as these policies remain in place. >> what do you make of the components that are pushing the markets to these highs? i mean, our previous guest making a point that midcaps, smallcaps trading close to record highs. we're making this move without a big market leader in apple. >> well, the most risky assets are doing the best. the sm
CNBC
Jan 24, 2013 4:00am EST
of that with mobile, if you've noticed, overnight. steve, you're with us, as well. and i didn't know you were going to do this. you've been getting in on the technology research. >> sure. i've always been what i consider to be a professional user. i'm not an expert, but i -- >> a user of -- >> of tech. technology. i filled that in. maybe the viewers at home thought what comes after that. i got a demonstration last night as i've heard others have of the new blackberry 10. i'm not giving you a recommendation on this thing. i saw the keyboard that was demonstrated by a high level blackberry executive and then i used it myself. it was very, very good. i have been opposed to use the virtual keyboard. i've tried the iphone. i didn't like it very much. this was very, very good, very usable, intuitive, and the browser was very, very fast. >> i agree. >> you were given a demo, but you came at it in two bits, right? >> i got a demo and what i loved about it was the keyboard. what i heard last night is yes, the blackberry 10 is coming out at the end of the month, but soon after, we'll have a blackberry 11 but
CNBC
Jan 23, 2013 7:00pm EST
the great steve jobs has passed snarp. >> it feels that way, larry. we've got this darling-to-dog story we've seen so often notice tech space. we have a gadget company in the tech space that's struggling with margins on its gadgets and a lot of the worst fears that they would face other gadgets from other kinds of companies seem to be coming to pass, but the service tech companies like google and netflix, they're all of a sudden out there increasing share. >> knock the cover off the ball. >> knock the cover on. and as long as you have a razor blade story and not a razor story, i think that's the difference peer. >> dave goldman, am i wrong? sometimes ji am very wrong. does this forecast a stronger american economy, even a moderately stronger economy? >> absolutely not. i was a raging bull in 2012. i'm neutral on it. the s&p is trading tick for tick with liquidity measures, such as inflation expectations. >> that's what i talked about at the outset. easy money. you can't deny that. >> but the easy money is not going into investment. apple i think tells us something about the state of the ec
CNBC
Jan 24, 2013 6:00am EST
. standing by us at cme in chicago. steve liesman is going to be in davos, joining us, where he's been -- he had to go to switzerland to figure out the blackberry 10. jim your-you've got the numbers for us? >> no, i don't have the numbers. i'll give you the market reaction. >> honestly? >> all right we're going to put them up at the bottom of the screen. that's going well, so we don't have -- we don't have rick santelliish- >> i thought rick was going to give the numbers. >> rick santelli would normally give the numbers. >> wow. 330. >> 330 is initial jobless claims. >> that's huge. >> yeah, that's a good number. okay and this is interesting, in that over the last -- >> that's amazing. >> we've had several different numbers that weren't that good. so this is a big thing. but, the question we have to ask your offs is, the chairman said he wants to see substantial gains in the labor market before they're going to take the foot off the pedal. so this isn't enough to bring us there yet. but this is not a bad numbers. now you take into affect in asia we have stock market tailwinds, the fact they'
CNBC
Jan 28, 2013 12:00pm EST
not lost their mojo. >> they lost something. >> they did. they lost steve jobs and with it a cult following behind the stock and innovation. they can have the greatest innovators in this world and lost the bully pulpit of innovation and why you're seeing compression of the multiple. you ask any 16-year-old girl in the northeast like my daughter amelia, it has not lost its mojo. it's an attractive buy. look at its balance sheet. if you're a value buyer, forget where it traded, look at the opportunity going forward. >> you used the word "value" and have to take into consideration whether the class of shareholders is slowly changing from growth to value investors. >> no question. as the dividend goes up so will the yield factors. >> keep in fact johnnie is still there, the designer behind the cool products. look at the r&d budget that spiked higher than any point and points to future coolness fac r factors. not as if they ceded this territory and said, go ahead, do whatever you want. i think it's too early to count them out. >> investors now getting into apple, i think the investors are leavi
CNBC
Jan 24, 2013 9:00am EST
the world, not just the united states. spate of new products. >> the blackberry 10 launch days away, steve liesman held in his happened. >> should it trade through the multiple of intel and microsoft? >> he said if am closes today below 483, it will see 425, his price target pretty quickly. ultimately, he does believe that apple is fairly valued in the 300s. >> yield there. >> i don't know. >> he is known as an extraordinarily good fixed income manager but he has waded into equities. i don't know if it is reflected on his fronts. >> five times earnings, i don't know. bethlehem steel two times earnings two years before it went bankrupt. isn't that something two years before. the multiples shrunk. or would love to get apple five times earnings, three times earnings cash. like to get cash. >> sure, why not? >> i got to believe that conversation is going to -- >>> it the multiple too low here. >> netflix, largest gains since 2002 when it rose 40.8%. best day for that stock in a decade. >> that was a conference call that was -- there was a guy on that conference call, said listen, hatehood you
CNBC
Jan 22, 2013 6:00am EST
, it depends which one has the bigger problem at any point in the day. >> steve, thank you very much for joining us. >> my great pleasure. thank you. >> 47 million in 2012. he stays in california, tax bill is $29 million. so if he moved to florida, he would save $6.25 million. >> the tax bill is 29 million? >> 29 million out of 47. that's not bad. that's pretty good. but he could move to florida and keep half, basically keep half instead of keeping 18 out of 47. >> for a guy who is on the road a lot of the time. >> and then the asteroid thing, i saw what al rockier was able to -- he got a lot of mileage out of that story. >> so are you about to make a confession? >> it's not really true. today i'm feeling fine. coming up, i'm going to start being more open. >> more open? i know everything about you. >> to viewers. >> our viewers know just about everything, too. >> if i feel like i have to burp, i am going to -- >> you are not a closed book. >> could you be more open than al roker about something? >> probably not. >> probably not. so every little thing happens to me. >> oh, boy, viewe
CNBC
Jan 20, 2013 11:00pm EST
on cnbc. i'm steve kroft. precious commodities are, by definition, rare, valuable, and in high demand, and very often they're located in places that are difficult to reach and sometimes dangerous. this edition features stories that take us down into the world of sharks, deep into the heart of africa, and onto the high seas for a look at the dark side of big-time commercial fishing. we begin with gold. there's a demand for gold for investments, for the circuits in cell phones and computers, and of course for jewelry. and mining it often comes at a huge cost, one of which you probably haven't heard very much about. in the democratic republic of congo, gold and other minerals are fueling the deadliest conflict since world war ii. in november of 2009, scott pelley went to the heart of central africa and found a campaign of rape and murder being largely funded by gold that's exported to the world. >> this is a gold mine in eastern congo, dug from the side of a mountain by the bare hands and stooped backs of 100 men. they've lifted tons of dirt one pan at a time, building terraces as they d
CNBC
Jan 23, 2013 11:00pm EST
. because, alas, without steve jobs, apple, as i've been saying @jimcramer on twitter, i said this is not a stock using traditional metrics, it's not magical anymore like a netflix, linkedin or amazon that are not bound by the gravity of the earth. that's okay. it just isn't -- just because it isn't magical doesn't mean it's automatically a loser. especially considering how cheap the stock has become after its shellacking. there's not as much to write home about here. including no more omg products, it isn't going to get the love it needs to go back to where it was. so bemoan, be upset i'm not pounding the table or demanding that you sell, except the fact that apple's a decent stock the way ibm or johnson & johnson might be, maybe not as good. maybe not as good as those. it's more like how intel and microsoft used to be after they peaked. does look like many of the different product lines have peaked or slowed too. recognize it has weapons at its disposal. it can make a better story, but right now the weapons are stuck in the arsenal. which is part of the disappointment. here'
CNBC
Jan 24, 2013 6:00pm EST
especially since the death of the founder steve jobs. and until it either stops being public or trades to cash, management will have to do a better job of explaining itself. and if they care about the share price at all, apple needs to hit shareholders with a deal, a massive buyback or dividend boost. that's why it's worth holding. they've got to do that stat. otherwise, my prediction a la another one-time crowd pleaser, mr. t. is pain. let's go to brian in maryland. please, brian? >> caller: boo-yah, jim, from baltimore nation. ravens country. >> oh, man, good to have you onboard. you know i'm thinking of harbaugh will win this weekend. >> caller: i think a harbaugh will win. >> i don't like to narrow it beyond that. go. >> caller: jim, my question's in regard to the transforming tv market. with the inevitability of technologies like google fiber and the itv by apple, the new investment opportunities within the space of traditional content providers. >> right. >> caller: and also relatively new internet content providers such as netflix. >> uh-huh. well, look, netflix went up too much
CNBC
Jan 25, 2013 1:00pm EST
like steve, at a conference, i believe wall street's vision of the issues at herbalife would have been very different. >> let me ask you, jim, what do you think dan loeb's position is for being? this position? >> being a hedge, a legitimate company. i had michael johnson on my show, maybe a half dozen times. i believe there are small business people that good out of business all the time. he is trying to encourage small business. i'm saying the business model has been used for many years. is it a pyramid scheme? that's in the eye of the law. unless ackman gets the law involved, i think loeb can win. i think loeb can win -- >> he can win but he can win if he gets out by the time the trade occurs unless there stakeover and then the stock -- by the way -- wait a minute. if there a take over, ackman can also win. both of them could win. >> this never puts tech nicks on. we put technicians on everyday. many times they are right. what do they know about the company? they pride themselves in not knowing. take that money. this t is incredible when you go to the bank with the winnings. oh, no y
CNBC
Jan 28, 2013 2:00pm EST
about herbalife, steve baker who runs the midwest office said simply he couldn't discuss herbalife. but what he did say without mentioning any company in particular, was something along the lines that no matter how long a company has been in business or how big it is, way more people appear to be losing money than making money. now some of my observations after looking at fortune high-tech among its big rewards are bmws. much like another multilevel market be we have mentioned here called visalis. fortune's high-tech website was filled with smiling faces and success stories and like many multilevel marketers, it has been highly charitable. and its board of advisors includes a former kentucky attorney general. they are greeted with this message today. we are confident our side of the story will be heard. we are defending ourselves vigorously. we expect to be vendcated. guys, what i think is important here is the fdc is moving on this one company. now does it open up sort of clear the desk so to speak so it can go after -- >> you think? >> i think that i believe that-knowing nothing,
CNBC
Jan 22, 2013 9:00am EST
there. periodically getting a new story. we have maria over there, and steve liesman, i mean, it's really -- we're bringing out the big guns. we've got the bazookas there. >> yes, we do. yes, we do. >> it's big. >> it is big. a couple of years ago is when the arab springs started, we were in davos. >> that's right. >> all right. microsoft's there. bombers under fire again. he's under fire constantly. >> it's been a long time. >> let's get a look at the opening bell here in a few seconds. the s&p, as you know, an interesting day, a bit of a run-up here on friday afternoon. let's see how that translates into today's session. at the big board, celebrating the ipo which happens on friday. nasdaq, another ipo from friday, a global enterprise center provider. among the more interesting stories in the papers today, david, deconstruction of what led to the autonomy. interesting color. >> those are always fascinating to read. great reporting by the journal. just in terms of understanding the decision-making, or lack thereof, the directors of the ceo, the pressure he felt he was under. and
CNBC
Jan 23, 2013 6:00am EST
and steve liesman apparently doesn't sleep on planes. >> how do you know she was saying, no, it's not me. it's not me. a bodyguard? >> she was fake iing an accent. >> she had the accent. >> faking. the trick is you can't get there from here, davos. right? >> it's a little complicated. the better way is take the private plane and land in zurich, take the helicopter, about four grand. that has the way the real folks do it. >> is that the "squawk box" helicopter in the back, behind you? >> oh, my god. coming in. >> we'll get you a helicopter. we'll get you a helicopter. >> we have a lot more to come an talk to you at the top of the hour. >>> when we come back, we'll go inside the golden afternoons. what would ronald mcdonald say about the start of business. reaction to numbers as soon as they hit the tape. davos myome. there. i said it. they don't have pictures of my kids. they don't have my yoga mat. and still, i feel at home. could it be the flat screen tv? the not so mini fridge? ♪ the different free dinner almost every weeknight? or maybe, it's all of the above. and all the rest. am i hom
CNBC
Jan 28, 2013 6:00am EST
're just seconds away from durable goods. rick santelli is standing by at the cme in chicago. steve liesman in the studio. rick? >> durable goods for december are hitting the screen. but they're hitting the screen a little bit slow in chicago. anybody seeing the data? >> nothing. >> boy, oh, boy this is what happens when you have legislation that i guess prevents public workers from getting paid. we're not getting durable goods. anyway, we will hold off. for some reason it is delayed. we are expecting a rise for december durable goods of roughly 1.9 to 1.2%. let's take the average roughly 2%. we're going to be looking for ex-energy. still don't see it. leslie, we see anything? >> there's nothing here, either. >> huh. >> we are at least welcoming this data with roughly nine-month highs on most of the yield curve, i found it fascinating that we're approaching 30 basis points on a two-year note yield which has been hovering at 24, 25 basis points for months. don't see the data. what's going on, joe, what do you think? >> who technically releases this stuff? >> i was going to stay a couple thin
CNBC
Jan 23, 2013 4:00am EST
confident than last year. we've also got the survey that steve leesman came up with, the phrase i like, precarious stability. this is the first time, as he puts it, that we're meeting in davos without an imminent crisis upon us. we know the impact of the ecb's otr suggestions. we know the money that other central banks are putting in. we're through the u.s. elections, ahead of the debt ceiling debate. in some sense there isn't an immediate crisis. it's a question now whether ceos can get through the real economic fundamentals. in some ways we're betwiked and between, kelly. >> i like the scarf, ross. >> yeah. that's the point. look, there's plenty to come on our coverage today. let me recap some of the people we're going to be talking to. john lipinski, formerly of the imf. and hamish tyrwhitt, construction group out of australia. we saw rates dip a little today. suggesting there's room to cut rates. and the executive dean of peking university. we're more relaxed about china, more relaxed than three or four months ago. we'll get the inside there. all of that is coming up on today's "wo
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